Hedge Fund Blowout

yesterday’s near historic moves in italian Yields may have been helped by stop Loss orders.This note from Bloomberg:

BN) Field Street Macro Fund Is Said to Extend Italy Losses to
Following the market sell-off Tuesday, the firm’s Global
Investments fund extended losses for May to 50 percent from
wagers on Italian debt, said the people, who asked not to be
identified because the matter is private. The firm has since
exited the money-losing position. The fund, which wagers on
macroeconomic trends, had plunged about 15 percent in the first
three weeks of the month, Bloomberg reported late Tuesday. A
spokesman for the New York-based firm, which oversees about $4 Billion

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